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Norway holds rates at record low

Jun. 23, 2016 5:10 AM ETNORW, ENORBy: Yoel Minkoff, SA News Editor
  • Norway's central bank has left its key interest rate unchanged at 0.5% amid signs the economy of western Europe's biggest oil producer will narrowly avoid a recession.
  • "There are still prospects that the key policy rate may be reduced in the course of the year," Governor Oeystein Olsen said in a statement.
  • Until now, Norway has managed to avoid the negative rates and unconventional polices that dominate elsewhere.
  • ETFs: NORW, ENOR

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